how scams work

Warning Signs for Older Adults

A recent AARP study underscores the qualities that make some older adults easier targets for financial abuse. People age 50 and older are more likely to view the marketplace as open and honest and less likely to fully understand their consumer rights. Retirees are more likely to be homebound or have emotional or physical challenges. Which of these may be an early sign a senior is being scammed?

1. There is a sudden change in the senior’s bank account or banking practice.
2. The senior shows an interest in attending a new community class.
3. The senior has begun receiving Meals on Wheels visits.

“A” is the answer. More signs: Someone suddenly becomes their “new best friend”; valuable property is missing; unexplained withdrawals are made using their ATM card; their beneficiaries or authorized signer on accounts has changed. Recognizing signs like these is the first step to helping seniors avoid further abuse.